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What are the goals of cash management for a business?
The goals of cash management should be applied to every business. Cash management ensures that a business can manage funds and maintain their operational need, business obligations, and profit goals.
Should a company go out of business if they are making zero economic profit?
no
3 main theories of a producers duties to the consumers?
The three main theories of a producer's duties to consumers include the Legal Theory, which emphasizes compliance with laws and regulations to ensure product safety and fair trade; the Ethical Theory, which posits that producers should act in the best interest of consumers, fostering trust and transparency; and the Economic Theory, which focuses on the responsibility of producers to deliver quality goods and services that meet consumer demands while ensuring sustainable business practices. Together, these theories highlight the balance between legal obligations, ethical considerations, and economic viability in producer-consumer relationships.
Which economic system says that land business and industry should be owned and run by by individula citizens and not by the government?
This would be capitalism.
What is the belief that the government should not interfere with the operations of business called?
The belief that the government should not interfere with the operations of business is called "laissez-faire." This economic philosophy advocates for minimal government intervention in markets, allowing supply and demand to dictate business practices and economic outcomes. Proponents argue that this results in greater efficiency and innovation, while critics contend it can lead to exploitation and inequality.
What are the goals of cash management for a business?
The goals of cash management should be applied to every business. Cash management ensures that a business can manage funds and maintain their operational need, business obligations, and profit goals.
Should a company go out of business if they are making zero economic profit?
no
Is it right that the employee should shoulder the charges regarding the expired business permit of his employer?
No, it is irrelevant for the employer to let the employee to pay the obligations that he had. It's not the business of an employee to answer that obligation.
Is the economic system in which?
Individual citizens, not governments, should own business, land, and industry. -!JPEN
What is social compliance?
The legal responsibility that a company or an organization should pose for leading a peaceful business that is full practice of legal obligations which does not hamper human rights.
Capitalism is the economic system in which?
Individual citizens, not governments, should own business, land, and industry. -!JPEN
Unexpired expense should write in income statement or balance sheets?
Unexpired expense is current assets until used so it is part of assets of business and should be included in assets side of balance sheet.
What are the roles of business?
The role of business is to help in overall economic growth of the country and the people in general.Apart from profit motivation, they should cater to their societal responsibilities as well.
3 main theories of a producers duties to the consumers?
The three main theories of a producer's duties to consumers include the Legal Theory, which emphasizes compliance with laws and regulations to ensure product safety and fair trade; the Ethical Theory, which posits that producers should act in the best interest of consumers, fostering trust and transparency; and the Economic Theory, which focuses on the responsibility of producers to deliver quality goods and services that meet consumer demands while ensuring sustainable business practices. Together, these theories highlight the balance between legal obligations, ethical considerations, and economic viability in producer-consumer relationships.
Am economic idea that states government should play a very limited role in business is know as?
Laissez-faire
What is some information one should know before buying a small business?
It is advisable that you research into the type of business and review copies of the business's certified financial records. You should also look at the cash flow, balance sheet and accounts payable and receivable.
What liability does the owner of a sole company have?
The owner of a sole proprietorship has unlimited personal liability for the debts and obligations of the business. This means that if the business incurs debts or is sued, the owner's personal assets, such as savings and property, can be at risk to satisfy those obligations. Unlike corporations or limited liability companies, a sole proprietorship does not provide a legal distinction between personal and business liabilities. Consequently, owners should consider the risks involved and may want to explore other business structures for liability protection.
